Loan growth in Macedonia eases to 8% y/y in March 2012.

By bne IntelliNews April 22, 2012
Total loans of banks and savings houses in Macedonia increased by 8% y/y to MKD 210.9bn (EUR 3.42bn) in March 2012, decelerating from 8.3% y/y in February, according to preliminary data of the central bank. Local currency loans rose by 5.6% on the year to MKD 153bn, slightly faster than Februarys increase of 5.3%. The annual growth in foreign currency loans, on the other hand, eased to 15.2% from 17.2% y/y and the combined value of loans reached MKD 57.9bn in the third month of 2012. Loans to non-financial corporations (public and private) increased by 8.2% y/y to MKD 128.1bn, slowing down from 8.4% y/y a month earlier. Loans to households (individuals and self-employed individuals) rose by 7.4% y/y to MKD 82.3bn at the end of March, while in February they increased by 7.7% y/y.

Loan growth in Macedonia eases to 8% y/y in March 2012.

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